Murray, Frank & Sailer LLP Investigates Breaches Of Fiduciary Duty Regarding Acquisition Of Rural/Metro Corporation By Warburg Pincus.
NEW YORK, NY (BUSINESSWIRE) - Murray, Frank & Sailer LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of Rural/Metro Corporation (NASDAQ: RURL) ("Rural/Metro" or the "Company") in relation to the acquisition of the Company by private equity firm Warburg Pincus ("Warburg").
On March 28, 2011, Rural/Metro and Warburg announced that Warburg will acquire Rural/Metro pursuant to a transaction under which Rural/Metro stockholders will receive $17.25 in cash in exchange for each share of Rural/Metro common stock, an aggregate value of approximately $438.2 million. The amount represents a premium of approximately 37% over the closing price of the stock on March 25, 2011.
The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell Rural/Metro to Warburg at an inadequate price through an unfair process which significantly undervalues the Company.
If you are a current investor in Rural/Metro, who purchased RURL shares before March 28, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget Hamill at (800) 497-8076 or (212) 682-1818, or by email at [email protected].
Contact:
Murray, Frank & Sailer LLP
Bridget Hamill
(800) 497-8076
(212) 682-1818
